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Multifamily

2440 Wabash Ave

2440 Wabash Ave, Los Angeles, CA 90033

Listing Price: $900,000

Cap Rate
5.91%
Number of Units
5
GRM
10.39
Price/Unit
$180,000
Price/Gross SF
$326.56
Gross SF
2,756

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire 2440 Wabash Ave, a five-unit investment opportunity located in the rapidly evolving 90033 zip code of Los Angeles.

Investment Highlights

  • With current rents significantly below market, 2440 Wabash offers a compelling opportunity for interior upgrades, operational enhancements, and strategic repositioning to capture immediate rent upside
  • Situated near Downtown Los Angeles, USC, and major employment centers, the property benefits from strong renter demand and consistent absorption in one of LA's most stable rental corridors.
  • Located close to major bus lines, Metro stations, and key freeways, residents enjoy seamless access throughout the city, supporting high occupancy and convenience-driven demand.
  • The area continues to experience steady growth, supported by local retail, community amenities, and ongoing neighborhood investment, fostering long-term appreciation and sustained renter interest.
  • Minutes from USC, Downtown's expanding tech and creative sectors, and major medical institutions, the location provides access to a deep and stable tenant pool.
  • The surrounding community offers a blend of residential stability, improving infrastructure, and growing urban energy, making it attractive to long-term renters seeking value and location.
  • Walkable access to everyday amenities, public transit, parks, and local services enhances livability and increases the property's appeal to urban renters seeking both affordability and convenience.

Exclusively Listed By

Multifamily

2440 Wabash Ave

Listing Price: $900,000

Cap Rate
5.91%
Number of Units
5
GRM
10.39
Price/Unit
$180,000
Price/Gross SF
$326.56
Gross SF
2,756

Investment Highlights

  • With current rents significantly below market, 2440 Wabash offers a compelling opportunity for interior upgrades, operational enhancements, and strategic repositioning to capture immediate rent upside
  • Situated near Downtown Los Angeles, USC, and major employment centers, the property benefits from strong renter demand and consistent absorption in one of LA's most stable rental corridors.
  • Located close to major bus lines, Metro stations, and key freeways, residents enjoy seamless access throughout the city, supporting high occupancy and convenience-driven demand.
  • The area continues to experience steady growth, supported by local retail, community amenities, and ongoing neighborhood investment, fostering long-term appreciation and sustained renter interest.
  • Minutes from USC, Downtown's expanding tech and creative sectors, and major medical institutions, the location provides access to a deep and stable tenant pool.
  • The surrounding community offers a blend of residential stability, improving infrastructure, and growing urban energy, making it attractive to long-term renters seeking value and location.
  • Walkable access to everyday amenities, public transit, parks, and local services enhances livability and increases the property's appeal to urban renters seeking both affordability and convenience.

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire 2440 Wabash Ave, a five-unit investment opportunity located in the rapidly evolving 90033 zip code of Los Angeles.

Exclusively Listed By

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